Solano Brandon 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Oct 18, 2023
Insider Transaction Report
Form 4
Solano Brandon
Chief Executive Officer
Transactions
- Exercise/Conversion
COMMON STOCK
2023-10-16+369,456→ 458,775 total - Disposition to Issuer
RESTRICTED STOCK UNITS
2023-10-16−443,625→ 0 totalFrom: 2023-10-15Exp: 2023-10-15→ COMMON STOCK (499,079 underlying) - Tax Payment
COMMON STOCK
2023-10-16$1.99/sh−129,623$257,950→ 458,775 total
Footnotes (2)
- [F1]Reflects the shares of Common Stock (a) issued on October 16, 2023, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completion of the requirements and performance criteria set forth in such plan, (b) net of the Issuer's retention of 129,623 shares the Reporting Person had the right to receive for tax withholding purposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 13, 2023.
- [F2]Reflects restricted stock units representing the right to receive shares of Common Stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics.